Cerity Partners LLC Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

Cerity Partners LLC acquired a new position in Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,135 shares of the building manufacturing company’s stock, valued at approximately $2,559,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Neuberger Berman Group LLC boosted its position in Louisiana-Pacific by 0.6% in the fourth quarter. Neuberger Berman Group LLC now owns 32,177 shares of the building manufacturing company’s stock worth $1,905,000 after purchasing an additional 189 shares during the last quarter. Captrust Financial Advisors boosted its position in Louisiana-Pacific by 2.5% in the first quarter. Captrust Financial Advisors now owns 9,020 shares of the building manufacturing company’s stock worth $560,000 after purchasing an additional 220 shares during the last quarter. IFP Advisors Inc boosted its position in Louisiana-Pacific by 7.9% in the second quarter. IFP Advisors Inc now owns 3,469 shares of the building manufacturing company’s stock worth $260,000 after purchasing an additional 254 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Louisiana-Pacific by 1.4% in the third quarter. Arizona State Retirement System now owns 18,461 shares of the building manufacturing company’s stock valued at $1,020,000 after buying an additional 255 shares during the period. Finally, First Republic Investment Management Inc. raised its stake in shares of Louisiana-Pacific by 8.6% in the first quarter. First Republic Investment Management Inc. now owns 3,514 shares of the building manufacturing company’s stock valued at $218,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the transaction, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $72.02 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $84.54. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 29.40 and a beta of 1.84. The business’s fifty day moving average is $76.10 and its 200 day moving average is $67.11.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $618.60 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. Research analysts predict that Louisiana-Pacific Co. will post 3.85 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a $0.26 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s dividend payout ratio is currently 42.45%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LPX. TheStreet lowered Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. Truist Financial boosted their target price on Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. TD Securities boosted their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, February 15th. Royal Bank of Canada boosted their target price on Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, TD Cowen restated a “hold” rating and issued a $75.00 target price on shares of Louisiana-Pacific in a research note on Thursday, January 11th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.71.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.